Systems That Focus on Making Data Collected in OLTP Useful

question 56

Short Answer

Systems that focus on making data collected in OLTP useful for decision making are often referred to as ________.

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Definitions:

Working Capital

is the difference between a company's current assets and current liabilities, indicating its short-term financial health.

Salvage Value

Salvage value is the estimated residual value of an asset at the end of its useful life, reflecting its expected worth in secondary markets.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Incremental Cost Approach

A method that analyzes the financial information relevant to a decision by focusing on the additional or incremental costs involved.